Shields v. Lozear
New Jersey Court of Chancery
The two causes were argued together, upon the pleadings and proofs, before the Vice-Chancellor, to whom the same had been referred.
1Opinion of the Court
The Vice-Chancellor.
On the 9th of April, 1867, Samuel M. Lozear and wife conveyed their dwelling-house and lot, in Hackettstown, to-Thomas Shields, jun., for $7000, and for part of the price took back a mortgage for $4000, payable on the 1st day of' April, 1868. He then took a lease for the term ending on the last named day: the rent being the interest, at seven per cent, yearly on the price, together with the payment of the taxes and water rents, when due. A year’s interest, to accrue on the mortgage, was then credited in advance on the-bond, and the balance of the price was secured by…
2Cases cited1 opinion
- Curtiss v. GreenbanksSupreme Court of Vermont · 1852
3Cited by2 opinions
- Stewart v. Harris Structural Steel Co., Inc.New Jersey Superior Court Appellate Division · 1984
- Huber v. LiptakNew Jersey Court of Chancery · 1945